Pradhan Mantri Matsya Kisan Samridhi Sah Yojana, To Boost Aquaculture and Fisheries Sector
Pradhan Mantri Matsya Kisan Samridhi Sah Yojana: The Department of Fisheries, under the Ministry of Fisheries, Animal Husbandry, and Dairying, has introduced a new Central Sector Sub-scheme, the Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY). This initiative falls under the ongoing Pradhan Mantri Matsya Sampada Yojana (PMMSY) and will run for four years (FY 2023-24 to FY 2026-27) with an estimated budget of ₹6000 crore. So far, ₹11.84 crore has been allocated under this scheme.
Key Features of PM-MKSSY:
Insurance Incentives for Aquaculture Farmers
- Provides a one-time incentive to aquaculture farmers with farms up to 4 hectares.
- Farmers receive 40% of the insurance premium cost, capped at ₹25,000 per hectare and ₹1 lakh per farmer.
- For intensive aquaculture systems (e.g., cage culture, RAS, bio-floc, raceways), the maximum incentive is ₹1 lakh for eligible units up to 1800 m³.
- SC, ST, and Women beneficiaries receive an additional 10% incentive over the general category.
Financial Incentives for Fisheries Enterprises
- Microenterprises: 25% of investment (up to ₹35 lakh) for the general category, and 35% (up to ₹45 lakh) for SC, ST, and Women-owned microenterprises.
- Small enterprises: 25% of investment (up to ₹75 lakh) for the general category, and 35% (up to ₹100 lakh) for SC, ST, and Women-owned small enterprises.
- Village-Level Organizations, FFPOs, and Cooperatives: 35% of investment, capped at ₹200 lakh.
This information was shared by Union Minister of State for Fisheries, Animal Husbandry, and Dairying, Shri George Kurian, in a written reply in Rajya Sabha on April 2, 2025.
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